Butterfly Network, Inc.
For the period ended Sep 30, 2025. Filed Oct 31, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Oct 31, 2025
BFLY$6.51-2.4%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited)
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
(In thousands, except share and per share amounts)
| Three months ended September 30, | Nine months ended September 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Revenue: | ||||
| Product | $14,556 | $13,538 | $45,341 | $39,478 |
| Software and other services | 6,933 | 7,023 | 20,755 | 20,227 |
| Total revenue | 21,489 | 20,561 | 66,096 | 59,705 |
| Cost of revenue: | ||||
| Product | 23,552 | 6,065 | 36,047 | 17,739 |
| Software and other services | 1,694 | 2,263 | 5,536 | 6,870 |
| Total cost of revenue | 25,246 | 8,328 | 41,583 | 24,609 |
| Gross profit (loss) | (3,757) | 12,233 | 24,513 | 35,096 |
| Operating expenses: | ||||
| Research and development | 8,703 | 8,844 | 26,942 | 28,975 |
| Sales and marketing | 10,626 | 9,607 | 33,805 | 29,713 |
| General and administrative | 9,289 | 9,353 | 28,018 | 29,868 |
| Other | 2,759 | 1,675 | 5,451 | 3,639 |
| Total operating expenses | 31,377 | 29,479 | 94,216 | 92,195 |
| Loss from operations | (35,134) | (17,246) | (69,703) | (57,099) |
| Interest income | 1,443 | 1,221 | 4,598 | 4,023 |
| Interest expense | (385) | (319) | (1,100) | (928) |
| Change in fair value of warrant liabilities | 207 | (1,239) | 1,652 | (826) |
| Other income (expense), net | (86) | 717 | 2,824 | 517 |
| Loss before provision for income taxes | (33,955) | (16,866) | (61,729) | (54,313) |
| Provision for income taxes | 16 | 58 | 43 | 78 |
| Net loss and comprehensive loss | $(33,971) | $(16,924) | $(61,772) | $(54,391) |
| Net loss per common share attributable to Class A and B common stockholders, basic and diluted | $(0.13) | $(0.08) | $(0.25) | $(0.26) |
| Weighted-average shares used to compute net loss per share attributable to Class A and B common stockholders, basic and diluted | 252,087,541 | 212,774,085 | 245,197,834 | 211,109,792 |
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